Post by
goldopportunity on Nov 02, 2018 6:28pm
Fwiw........
Alxdf down 16%. 33K traded -- about 1/3rd average daily volume.
Azx down 8%. 90% of today's trades were crosses. Bullish fractional cdn .0275 close.
NY spot gold down a titch to close at 1232. Gold indices lower a bit or flat (xau). Dow off 109 but up more than 2% for the week. Usd higher but with an outside low intra-day. 10-year treasury yield up substantially to close at st resistance.
Bottom-line:
So what happens next week? The big thingy will be the u.s. mid-terms on tuesday. Consensus has the repubs retaining the senate and the dems taking the house. Personally, I think there will be a red tsunami with the repubs taking both. We'll see.
As for alexandria, both stox had significant lower volume levels this week. Basically, no "legits" (retail) are selling. Methinks sp has hit rock bottom. So for next week I'm looking at us starting to earnestly chip away at st upside resistance (usd .0265 alxdf; cdn .03 azx). There could be a lot of volatility because of the mid terms, so expect to possibly trade anywhere within this last week's perimeters.
So we'll see what happens. Always stand your ground in the markets and in life, folks. Jmvho.
goldopp